Bridgewater Bancshares, Inc. Completes Private Placement of $50.0 Million of Subordinated Notes

Bridgewater Bancshares, Inc. Completes Private Placement of $50.0 Million of Subordinated Notes

  • Posted: 06/19/2020
  • Jennifer Lian

BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced the completion of a private placement of $50.0 million in aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes). The Company intends to use the proceeds of the private placement for general corporate purposes, including supporting regulatory capital ratios and investing in the Bank.

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